(CNBC) — U.S. stocks closed more than 1 percent higher in light volume trade Monday, following gains overseas on news of a bailout agreement between Greece and its creditors.
"I think it's just a sigh of relief that it's over, but let's face it, they just kicked the can," said Maris Ogg, president of Tower Bridge Advisors. "It seems like we kicked the can on a number of fronts. Earnings probably will be front and center int he next couple of weeks."
About 11 stocks advanced for every 4 decliners on the New York Stock Exchange, with an exchange volume of 571 million and a composite volume of 2.8 billion as of 3:59 p.m. Average volume for the entire day is 3.4 billion.
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